QRG Capital Management Inc. Sells 10,110 Shares of Orange S.A. (NYSE:ORAN)

QRG Capital Management Inc. reduced its holdings in shares of Orange S.A. (NYSE:ORAN) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 319,232 shares of the technology company’s stock after selling 10,110 shares during the quarter. QRG Capital Management Inc.’s holdings in Orange were worth $3,757,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in Orange during the 1st quarter worth $39,000. CWM LLC boosted its stake in shares of Orange by 53.1% during the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,244 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Orange by 118.2% during the first quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,984 shares during the last quarter. Tucker Asset Management LLC acquired a new position in shares of Orange in the fourth quarter valued at approximately $76,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Orange by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after buying an additional 965 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. New Street Research upgraded shares of Orange to a “strong-buy” rating in a research report on Monday, July 8th. Sanford C. Bernstein initiated coverage on shares of Orange in a research report on Friday, May 24th. They set an “outperform” rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Orange in a report on Wednesday, April 17th. They issued an “overweight” rating on the stock. Finally, StockNews.com downgraded Orange from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $13.08.

Orange Price Performance

NYSE ORAN traded up $0.15 on Wednesday, hitting $10.95. 88,837 shares of the company were exchanged, compared to its average volume of 457,863. Orange S.A. has a 12 month low of $9.82 and a 12 month high of $12.41. The company has a quick ratio of 0.79, a current ratio of 0.83 and a debt-to-equity ratio of 0.88. The stock has a fifty day moving average of $10.87 and a 200-day moving average of $11.33.

Orange Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, June 21st. Investors of record on Monday, June 3rd were given a $0.4523 dividend. This represents a yield of 5.1%. This is a positive change from Orange’s previous semi-annual dividend of $0.32. The ex-dividend date of this dividend was Monday, June 3rd.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.